Obama administration hurting the economy ?

In a recent interview John Collopy of Briggs-Ficks Securities, LLC for our Industrial Equipment report Mr. Collopy when asked about how the new administration was impacting the sector he said “That’s a problem. I am very concerned about their overall economic policies. They have flooded the system with liquidity that I don’t know if much, any, some, or none of it is going to spill into the fundamentals of the economy at this point. I am afraid these policies might dampen multiples going forward because people are going to be leery of govern­ment interventions that could impact investor sentiment and I think that’s what one has to be very careful of.”

Problem , Concerned,  Afraid these are words that are never associated with recovery. Is the Obama administration off the mark or has Mr . Collopy missed the boat? Read the full Industrial Equipment Report and you let us know. follow and respond at twitter.com/wstranscript

This entry was posted on Thursday, July 2nd, 2009 at 10:00 am and is filed under Industrial & Services Stocks. You can follow any responses to this entry through the RSS 2.0 feed.